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Illinois Foreclosure Rate Skyrockets

Posted by wlpo on January 17, 2013

CHICAGO (AP) – Illinois home foreclosure activity rose 32.6 percent in 2012 compared to the previous year. But it was almost 10 percent lower than in 2010.

A report shows Illinois with 136,603 foreclosure filings last year. That represents a rate of one in every 39 housing units. It’s the fifth-highest rate in the nation.

Nationally, last year’s foreclosure activity fell almost 3 percent from 2011. That was 36 percent lower than in 2010.

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